Persistent Systems Ltd.

Persistent Systems has reported results for fourth quarter and year ended March 31, 2013

The company has posted a rise of 42.55% in its net profit at Rs 51.73 crore for the quarter ended March 31, 2013 as compared to Rs 36.29 crore for the same quarter in the previous year. Total income of the company has increased by 18.42% at Rs 256.35 crore for quarter under review as compared to Rs 216.47 crore for the quarter ended March 31, 2012.

On the consolidated basis, the company has reported 25.88% rise in its net profit at Rs 51.88 crore for the quarter as compared to Rs 41.22 crore for the same quarter in the previous year. Total income of the company has increased by 23.40% at Rs 333.96 crore for quarter under review as compared to Rs 270.62 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has posted a rise of 32.33% in its net profit at Rs 181.81 crore as compared to Rs 137.39 crore for the same period in the previous year. Total income has increased by 23.00% at Rs 996.75 crore for year under review as compared to Rs 810.36 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on the consolidated basis, the company has posted a rise of 32.33% in its net profit at Rs 187.62 crore as compared to Rs 141.78 crore for the same period in the previous year. Total income increased by 29.41% at Rs 1294.51 crore for year under review as compared to Rs 1000.31 crore for the period ended March 31, 2012.